The Standard Examiner (and the Daily Herald) basically made a bunch of crap up from second-hand stories. I spoke with Todd Marriott less than an hour ago (something neither paper bothered to do) and the real story is actually a bunch of good news.
Right now, UTOPIA runs an operating deficit. The Utah Infrastructure Agency (UIA) was formed by most of the UTOPIA cities to cover this gap for five years and provide funds for construction to be paid back by subscribers. The last draw of money for this purpose was intended to last through June 30, 2012. Instead, it's just now running out. UTOPIA had stronger operating revenues that resulted in money scheduled to cover 12 months instead cover almost 15 months.
The discussion was that UTOPIA needed to pull the FY2013 money now that the FY2012 money has finally run out after lasting almost 25% longer than originally intended. Someone without access to the full facts or willing to do actual reporting mis-interpreted that as being broke. This is what happens when "reporters" don't bother to do their damn job. (And, for the record, it also triggered an unnecessary audit from NTIA.)
Chairman, UTOPIA Citizens Advisory Network
Thanks for the info Mr. Harris.
|reply to JesseHarris |
if all was said and true, then Mr. Marriott needs to come out and state it, otherwise you take what is given to you and it comes out that UTOPIA is nothing more than a muni company that is dead and should have never started. Especially since it's using SALES TAX money. Which is just out right WRONG from every stand point. Instead of only charging those who use it, you bill EVERYONE on sales tax. Great thing to do!
Uh... he did. »www.heraldextra.com/news/opinion···5d9.html